The Board of Directors of the Company approved issue of up to 333190 Equity Shares of Rupees 10/- each of the Company, on preferential basis, to Proposed Allottees, on such terms and conditions as may be determined by the Board and subject to the approval of the Shareholders of the Company and applicable regulatory authorities as the case may be, in accordance with the SEBI ICDR Regulations, Companies Act, 2013 and other applicable laws. Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 with respect to the Preferential Issue are enclosed as Annexure A.